£262,169
This estimated value is based upon the latest sale price for the house of £235,000 on 25 Aug 2021. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £235,000 | 25 Aug 2021 |
| £92,000 | 26 Mar 2007 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,108 sq feet |
This model uses changes in the Official Land Registry House Price Index for EAST SUSSEX to estimate the market value.
When this house was purchased in August 2021 the House Price Index for EAST SUSSEX was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £235,000 results in an estimated price of approximately £262,169.
| 25 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £235,000 | £27,169 | £262,169 |
The Postcode Pricing Model uses changes in average sales price within the BN23 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 34.313 % | £80,636 | £315,636 |
| 3 Month Average | -3.739 % | £-8,786 | £226,213 |
| 6 Month Average | 1.802 % | £4,234 | £239,234 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £287,515 | £285,000 | 135 SORREL DRIVE |
| 8 Aug 2023 | £297,604 | £295,000 | 231 SORREL DRIVE |
| 27 Mar 2023 | £166,569 | £165,000 | 37 OULTON CLOSE |
| 8 Feb 2023 | £399,731 | £400,000 | 227 SORREL DRIVE |
| 23 Sep 2022 | £406,716 | £410,000 | 1 ELMWOOD CLOSE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 11 Feb 2021. Using an estimated price of £262,170 means this house is valued at £2,545 per sq meter (£236 per sq foot).
The average size of a house on REEDHAM ROAD is 124 sq meters (1,341 sq feet).
This house is the largest in the street with a floor area of 103 sq meters (1,108 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Hickling Close |
| Jan 2024 | Other theft | Under investigation | On or near Wroxham Road |
| Jan 2024 | Anti-social behaviour | On or near Ranworth Close | |
| Jan 2024 | Anti-social behaviour | On or near Ranworth Close | |
| Jan 2024 | Anti-social behaviour | On or near Ranworth Close |